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Related Links

There are many governmental, non-profit and private sector sources from which to obtain additional information about municipal securities on the web. Some links are provided below.

  • Regulatory Agencies for the Municipal Securities Market

    Municipal Securities Rulemaking Board

    A self-regulatory organization responsible for regulating broker-dealers, banks and municipal advisors in the municipal securities market. EMMA is brought to you by the MSRB.
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    Securities and Exchange Commission

    An independent federal agency that is the principal regulator of the securities market. The SEC has oversight authority over the federal securities self-regulatory organizations, including the MSRB, and has the authority to enforce MSRB rules with respect to all broker-dealers, banks and municipal advisors.
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    Financial Industry Regulatory Authority

    A self-regulatory organization responsible for regulating broker-dealers in markets other than the municipal securities market. FINRA enforces MSRB rules with respect to broker-dealers.
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    Office of the Comptroller of the Currency, U.S. Department of the Treasury

    The office of the U.S. Department of the Treasury that charters, regulates and supervises all national banks. The OCC enforces MSRB rules with respect to national banks.
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    Board of Governors of the Federal Reserve

    The central bank of the United States that also regulates banking institutions that are members of the Federal Reserve System. The Federal Reserve enforces MSRB rules with respect to its member state banks.
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    Federal Deposit Insurance Corporation

    An independent federal agency that insures bank and thrift institution deposits. The FDIC enforces MSRB rules with respect to state banks that are not members of the Federal Reserve System.
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    Internal Revenue Service, U.S. Department of the Treasury

    The service of the U.S. Department of the Treasury that administers the Internal Revenue Code, including the rules and regulations that must be complied with by issuers of municipal securities in order to qualify bonds and 529 college savings plans for federal tax-advantaged treatment.
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    State Securities Regulators (through North American Securities Administrators Association)

    NASAA provides links to the state securities regulators.
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  • Other Key Organizations in the Municipal Securities Market

    Depository Trust & Clearing Corporation

    A self-regulatory organization that provides clearing, settlement and information services for municipal securities.
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    CUSIP Service Bureau

    A service that assigns unique identifiers known as CUSIP numbers to most securities, including municipal securities.
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    Fitch Ratings

    A credit rating agency registered with the Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization providing ratings on municipal securities.
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    Moody's Investors Service

    A credit rating agency registered with the Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization providing ratings on municipal securities.
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    Standard & Poor's

    A credit rating agency registered with the Securities and Exchange Commission as a Nationally Recognized Statistical Rating Organization providing ratings on municipal securities. Also a former Nationally Recognized Municipal Securities Information Repository.
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    Bloomberg L.P.

    A former Nationally Recognized Municipal Securities Information Repository that makes available market data for municipal bonds.
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    DPC Data, Inc.

    A former Nationally Recognized Municipal Securities Information Repository that makes available continuing disclosure submissions from municipal issuers and obligated persons prior to July 1, 2009.
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    Interactive Data Pricing and Reference Data, Inc.

    A former Nationally Recognized Municipal Securities Information Repository that makes available continuing disclosure submissions from municipal issuers and obligated persons prior to July 1, 2009.
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    Municipal Advisory Council of Texas

    A State Information Depository that receives continuing disclosure submissions from municipal issuers and obligated persons for issues in Texas.
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    Municipal Advisory Council of Michigan

    A State Information Depository that receives continuing disclosure submissions from municipal issuers and obligated persons for issues in Michigan.
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    Ohio Municipal Advisory Council

    A State Information Depository that receives continuing disclosure submissions from municipal issuers and obligated persons for issues in Ohio.
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  • Other Sources of Information About Municipal Bonds

    InvestinginBonds.com (SIFMA)

    Provides educational materials about bonds and also provides real-time transaction price information for municipal and corporate debt.
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    Market Data - Bonds (FINRA)

    Provides market data for corporate, treasury, federal agency and municipal bonds.
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    EDGAR - Electronic Data Gathering, Analysis, and Retrieval System (SEC)

    Provides access to regulatory filings for public companies. Some private entities that borrow through municipal securities also file corporate-related information with EDGAR.
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    Information for the Tax Exempt Bond Community (IRS)

    Extensive Internal Revenue Service information, aimed primarily toward issuers and market professionals, about municipal securities tax-related matters.
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    Information for Municipal Markets (SEC)

    Extensive information about securities laws as applied to municipal securities provided by the Securities and Exchange Commission.
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    Governmental Accounting Standards Board

    Establishes accounting and financial reporting standards for state and local governments.
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  • Other Sources of Information About 529 College Savings Plans

    College Savings Plans Network (NAST)

    Provides extensive information about 529 college savings plans, including links to all plans and tools for finding and comparing different features of plans.
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    Municipal Fund Securities (MSRB)

    MSRB site providing detailed information about fair practice and other rules that apply to broker-dealers marketing 529 college savings plans.
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    An Introduction to 529 Plans (SEC)

    SEC website providing basic investor education information concerning 529 college savings plans.
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    Tax Benefits for Education (IRS)

    IRS publication describing tax benefits for education, including the federal tax consequences of investing in 529 college savings plans.
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    Smart Saving for College - Better Buy Degrees (FINRA)

    FINRA publication providing basic investor education information concerning 529 college savings plans.
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    A Guide to Understanding 529 Plans (CSPN, NASAA, ICI)

    Joint publication providing basic investor education information concerning 529 college savings plans.
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    Your College Savings Options (CollegeBoard)

    Website providing a description of different options for saving for college.
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The MSRB does not control or maintain the websites listed above, nor does it guarantee the accuracy or completeness of the information on these websites. A number of commercial Internet web-sites also have been developed to provide information regarding municipal bonds and 529 college savings plans. These can easily be found by using an Internet search engine. The MSRB has no opinion regarding any commercial website’s objectivity, accuracy or completeness.